The Coronavirus pandemic has forced a widespread rethink of retirement plans as 18% change their retirement age and 20% of over-55s have considered raiding their pension savings, according to a new report.

A new report on retirement income has revealed that 15% of people are still working past 65 with many concerned they have enough income to retire completely.

A survey of 2,000 consumers has revealed a 45% year-on-year jump in the number of Britons who fear an economic crash following the Coronavirus pandemic will derail their retirement plans.

Nearly half (47%) of 55 to 64-year-olds are unaware that deferring the State Pension can boost their retirement income significantly when they start to claim their pension benefits.